{"id":308765,"date":"2023-01-11T17:29:46","date_gmt":"2023-01-11T22:29:46","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=308765"},"modified":"2023-01-11T17:29:46","modified_gmt":"2023-01-11T22:29:46","slug":"markets-rally-on-inflation-optimism","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-rally-on-inflation-optimism\/","title":{"rendered":"Markets rally on inflation optimism"},"content":{"rendered":"<p>Markets on both sides of the border Tuesday rallied on hopes that the American consumer inflation data on Thursday will come in lower than expected and ease the Fed&#8217;s interest rate hikes. The S&amp;P added 1.28% to nearly 4,000, the Nasdaq 1.76% to almost 11,000, and the Dow 0.59% to about 34,000.<\/p>\n<p>Most sectors were up and influential movers were <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> up 3.33%, <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon<\/a> 5.66%, <a href=\"https:\/\/stockchase.com\/company\/view\/5774\/ETSY-Q\">Etsy<\/a> 5.88% and <a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">Microsoft<\/a> by 3.02%. A widespread air traffic control shutdown in the States rattled airline stocks, but eventually names moved up, like <a href=\"https:\/\/stockchase.com\/company\/view\/6174\/UAL-Q\">United<\/a> by 3.93%. The U.S. 10-year yield came in at 3.61% while <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> climbed 0.55% to around $17,500.<\/p>\n<p>The TSX also enjoyed gains, adding 0.63% to surpassed 20,000. All but two sector were positive as utilities, industrials and financials led, but consumer staples lagged. <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray<\/a> jumped 7.69%, <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife<\/a> 1.7%, <a href=\"https:\/\/stockchase.com\/company\/view\/5283\/LAC-T\">Lithium Americas<\/a> 6.26% and <a href=\"https:\/\/stockchase.com\/company\/view\/979\/POU-T\">Paramount Resources<\/a> 4.46%. However, <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus<\/a> closed -1.47%. WTI leapt 3.3% to $77.60.<\/p>\n<p>&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc (TSLA-Q)<\/a> +3.33%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon.com (AMZN-Q)<\/a> +5.66%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5774\/ETSY-Q\">Etsy Inc. (ETSY-Q)<\/a> +5.88%<br \/>\n&#x24c2; <a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">Microsoft (MSFT-Q)<\/a> +3.02%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/6174\/UAL-Q\">United Airlines Holdings (UAL-Q)<\/a> +3.93%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +0.55%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray Inc. (TLRY-Q)<\/a> +7.69%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife Financial (MFC-T)<\/a> +1.7%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/5283\/LAC-T\">Lithium Americas Corp (LAC-T)<\/a> +6.26%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/979\/POU-T\">Paramount Resources (POU-T)<\/a> +4.46%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus Energy (CVE-T)<\/a> -1.47%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markets on both sides of the border Tuesday rallied on hopes that the American consumer inflation data on Thursday will come in lower than expected and ease the Fed&#8217;s interest rate hikes. The S&amp;P added 1.28% to nearly 4,000, the [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-308765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/308765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=308765"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/308765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=308765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=308765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=308765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}